TEXAS ALL LINES ADJUSTER EXAM | 378
QUESTIONS AND ANSWERS.
All of the following are criteria for an accident to have occurred
"in the course of" the employment under a workers'
compensation policy, EXCEPT: - While performing a task that a
fellow worker requested, that was unusual to the employee's
job description, but occurred on the employer's premises
during working hours.
Which of the following statements is NOT TRUE regarding the
implied warranties of an Ocean Marine policy? - The implied
warranties are attached to the policy as an endorsement..
Parmelia is covered under two separate standardized Personal
Automobile policies, with Part C limits under both policies set
at $200,000. Parmelia is involved in an accident with an
uninsured motorist and she sustains bodily injury damages for
$262,320. How much will Parmelia receive when she submits a
claim for these damages - $200,000
Which of the following endorsements must be attached to a
standard Businessowners policy for coverage to apply to a
businesses freezer that was damaged by the interruption of a
power source - Utility Services - Direct Damage endorsement.
After completing an inspection of an insured's pressure
equipment and fire suppression systems, the inspector
determines that the pressure equipment needs to be repaired
and the suppression systems have not been cleaned and
,inspected in the time frame required by the policy. The insurer
will: - Suspend coverage immediately by red tagging the items
until they are repaired, cleaned and pass reinspection
To be eligible for coverage under a standardized Dwelling policy,
the insured must not allow more than _______ boarders to live
on the premises. - 5
All of the following are "Perils of the Sea" under an Ocean
Marine policy, EXCEPT: - Pirates
The amount of insurance countersigned, issued, or sold by an
agent or producer to cover immediate family members, an
employer, or employees is known as: - Controlled business
Which of the following standardized Dwelling insurance forms
provides coverage for loss of rental income - The DP-1, DP-2,
and DP-3 forms
The "Part B - Medical Payments" coverage of a personal
automobile policy covers injuries for all of the following,
EXCEPT: - A passenger who is injured in another vehicle that is
struck by the insured's vehicle in an accident
Which of the following are the Texas Workers' Compensation
benefits that are increased by a cost-of-living adjustment
(COLAs) - Lifetime Income Benefits (LIBs) only
,Hannah must take time away from work to help assist in the
investigation of a claim that was made against her BOP policy.
The policy will pay for Hannah's actual loss of earnings up to: -
$250 per day.
Surplus Lines companies in Texas have _____ to acknowledge
the receipt of a claim. - 30 days.
All of the following are characteristics of a principal that a
surety will scrutinize during the underwriting process, EXCEPT: -
Consideration.
Under Section II of a Homeowners policy, a cemetery plot
owned by the insured is considered to be: - An insured location.
Which of the following is NOT one of the four major coverages
of an Ocean Marine policy? - Seaworthiness.
A ship has suffered damage and sunk. Which of the following
would respond to cover the loss of the ship? - Hull Insurance.
As a fiduciary agent, an adjuster has the power to bind the
insurer. Which of the following statements is FALSE regarding
this power? - Only an adjuster's written statements can legally
bind an insurer.
, The standardized Dwelling forms consider all eruptions of a
volcano within a __________ period to be a single "occurrence".
- 72-hour
Whose responsibility is it to complete a "proof of loss"? - The
claimant.
Which of the following would NOT be determined by a court
when an insurer has filed a declaratory judgment action? - The
type and amount of damages that will be paid to a plaintiff for
the claim that is being disputed.
Which of the following statements is TRUE regarding the
Homeowners "additional coverage" known as Landlord's
Furnishings? - The coverage is not additional insurance and
does not increase the limits of the policy.
Which of the following would be covered under the Jones Act?
- Crew members of a ship.
All of the following statements are true regarding a Personal
Liability Supplement, EXCEPT: - The policy will cover watercraft
liability.
Which of the following statements is TRUE regarding
Commercial Property coverage? - Commercial property
coverage can be written as both a monoline policy and as part
of a package policy.
QUESTIONS AND ANSWERS.
All of the following are criteria for an accident to have occurred
"in the course of" the employment under a workers'
compensation policy, EXCEPT: - While performing a task that a
fellow worker requested, that was unusual to the employee's
job description, but occurred on the employer's premises
during working hours.
Which of the following statements is NOT TRUE regarding the
implied warranties of an Ocean Marine policy? - The implied
warranties are attached to the policy as an endorsement..
Parmelia is covered under two separate standardized Personal
Automobile policies, with Part C limits under both policies set
at $200,000. Parmelia is involved in an accident with an
uninsured motorist and she sustains bodily injury damages for
$262,320. How much will Parmelia receive when she submits a
claim for these damages - $200,000
Which of the following endorsements must be attached to a
standard Businessowners policy for coverage to apply to a
businesses freezer that was damaged by the interruption of a
power source - Utility Services - Direct Damage endorsement.
After completing an inspection of an insured's pressure
equipment and fire suppression systems, the inspector
determines that the pressure equipment needs to be repaired
and the suppression systems have not been cleaned and
,inspected in the time frame required by the policy. The insurer
will: - Suspend coverage immediately by red tagging the items
until they are repaired, cleaned and pass reinspection
To be eligible for coverage under a standardized Dwelling policy,
the insured must not allow more than _______ boarders to live
on the premises. - 5
All of the following are "Perils of the Sea" under an Ocean
Marine policy, EXCEPT: - Pirates
The amount of insurance countersigned, issued, or sold by an
agent or producer to cover immediate family members, an
employer, or employees is known as: - Controlled business
Which of the following standardized Dwelling insurance forms
provides coverage for loss of rental income - The DP-1, DP-2,
and DP-3 forms
The "Part B - Medical Payments" coverage of a personal
automobile policy covers injuries for all of the following,
EXCEPT: - A passenger who is injured in another vehicle that is
struck by the insured's vehicle in an accident
Which of the following are the Texas Workers' Compensation
benefits that are increased by a cost-of-living adjustment
(COLAs) - Lifetime Income Benefits (LIBs) only
,Hannah must take time away from work to help assist in the
investigation of a claim that was made against her BOP policy.
The policy will pay for Hannah's actual loss of earnings up to: -
$250 per day.
Surplus Lines companies in Texas have _____ to acknowledge
the receipt of a claim. - 30 days.
All of the following are characteristics of a principal that a
surety will scrutinize during the underwriting process, EXCEPT: -
Consideration.
Under Section II of a Homeowners policy, a cemetery plot
owned by the insured is considered to be: - An insured location.
Which of the following is NOT one of the four major coverages
of an Ocean Marine policy? - Seaworthiness.
A ship has suffered damage and sunk. Which of the following
would respond to cover the loss of the ship? - Hull Insurance.
As a fiduciary agent, an adjuster has the power to bind the
insurer. Which of the following statements is FALSE regarding
this power? - Only an adjuster's written statements can legally
bind an insurer.
, The standardized Dwelling forms consider all eruptions of a
volcano within a __________ period to be a single "occurrence".
- 72-hour
Whose responsibility is it to complete a "proof of loss"? - The
claimant.
Which of the following would NOT be determined by a court
when an insurer has filed a declaratory judgment action? - The
type and amount of damages that will be paid to a plaintiff for
the claim that is being disputed.
Which of the following statements is TRUE regarding the
Homeowners "additional coverage" known as Landlord's
Furnishings? - The coverage is not additional insurance and
does not increase the limits of the policy.
Which of the following would be covered under the Jones Act?
- Crew members of a ship.
All of the following statements are true regarding a Personal
Liability Supplement, EXCEPT: - The policy will cover watercraft
liability.
Which of the following statements is TRUE regarding
Commercial Property coverage? - Commercial property
coverage can be written as both a monoline policy and as part
of a package policy.
